Egypt-based marketplace Muqbis raised Pre-SEED funding from Nama Ventures. Despite the Pandemic’s growth inhibitors, Egypt’s handicrafts market is worth 22 billion Egyptian pounds.
Muqbis is a complete marketplace designed specifically for the handicrafts sector. The startup claims that Muqbis’ competitive advantage is built on minimal human interaction, and the product roadmap is built on a complete understanding of the nature and challenges of this particular market. With a fair market place where they can sell their goods, receive education on how to use the power of eCommerce to secure a fair income, and gain exposure to the local and global market, Muqbis aims to be the umbrella for talented hands, particularly women, in the Egyptian and MEA markets.